OneFortyOne Plantations signals Carter Holt site purchase intentions

SALE SHOCK: Timber workers union Green Triangle secretary Brad Coates met with stunned employees at the Jubilee Highway site after today’s announcement. Picture: SANDRA MORELLO

FORESTRY company OneFortyOne Plantations has stunned the forestry sector by announcing its intentions to purchase Carter Holt Harvey’s Jubilee Highway sawmill in Mount Gambier.

Shocked employees were told of the likely acquisition at the sprawling site this morning, which will be the biggest shake-up in the regional processing industry in a decade.

CHH is now likely to fully exit the region’s timber processing sector amid the looming

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